Wednesday, 11 January 2017

EPIC RESEARCH MCX NICKEL UPDATE OF 11 JANUARY 2017

Nickel trading range for the day is 701.8-735. Nickel gained as inflation figures in top consumer China pointed to further signs of economic recovery. Chinese producer prices surged the most in more than five years in December, reinforcing views that the world's second-largest economy is on a steadier footing. Traders are eyeing on the update from Indonesia which will issue new rules for miners this week, the mining minister said.